GBP to AUD - Compare Exchange Rates

British Pound Sterling to Australian Dollar - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

Compare GBP/AUD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from GBP to AUD. The total costs are calculated against the latest mid-market rate.

Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the UK by the FCA for the provision of payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.

Rate snapshot: 02/22/2019

The below table shows a snapshot of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the UK by the FCA for the provision of payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.

Rate snapshot: 02/22/2019

GBP to AUD mid-rate = 1.8299

Right now the GBP/AUD market mid-rate is 1.8299
and represents ideally how many Australian Dollar you can get for one British Pound Sterling.

This GBP/AUD Converter calculates equivalent British Pound Sterling to Australian Dollar amounts at the market mid-rate:

British Pound Sterling to Australian Dollar (GBP-AUD) - 10 Year History

The below table shows the historic variation in the GBP/AUD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of GBP versus other currencies : GBP historical charts.

Date

Exchange Rate

Period

Change

21 Feb 2019

1.8424

Latest

14 Feb 2019

1.8015

1 Week

+2.27%

22 Jan 2019

1.8194

1 Month

+1.26%

25 Aug 2018

1.7532

6 Months

+5.09%

21 Feb 2018

1.7842

1 Year

+3.26%

21 Feb 2017

1.6268

2 Years

+13.25%

22 Feb 2014

1.8516

5 Years

-0.5%

23 Feb 2009

2.2556

10 Years

-18.32%

Why can't I just get the GBP/AUD market rate I see on Google or in the Media?

The GBP/AUD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the GBP / AUD was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market GBP/AUD midrate the better deal you are getting.

The three things you need in order to get a good GBP to AUD exchange rate

Know the latest GBP/AUD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.

Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.

Currency news and forecasts for British Pound Sterling and Australian Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the GBP vs AUD, you should pay attention to both British Pound Sterling and Australian Dollar news and forecasts.

British Pound Sterling (GBP) - Market news and forecasts

20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.

Australian Dollar (AUD) - Market news and forecasts

19-February-19: Since a flash crash in early January which saw the Australian dollar briefly trade at a 10-year low, the Aussie has recovered and then stabilized in the US71-72¢ region, near the average rate of the past 6 months.

Of late, the outlook for the Australian economy, and therefore for the Australian dollar, has taken a turn for the worse: the RBA has slashed growth and inflation forecasts and markets have moved to price in a near-100 percent chance of an interest rate cut before the year is out.

In February, HSBC cut its AUD/USD forecast to just US66¢, nearly 20 percent below 2018’s high of US81.36¢. AUD rates in the mid-60s haven’t been seen since the great financial crisis a decade ago.

In January, a senior researcher at BNP Paribas said that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

Also in January, Capital Economics cuts its AUD/USD year-end forecast to just US60¢.

The foreign exchange rates and products compared on this page and website are chosen from a range of products that bestexchangerates.com (BER) has access to and are not
representative of all the products available in the market. The use of terms "Best" and "Top" are not product ratings and are subject to our disclaimer.
You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
We may receive referral fees in relation to your activity on the BER website however this doesn't affect the exchange rates or fees you are charged.